Tokyo Electron Device Balance Sheet Health
Financial Health criteria checks 3/6
Tokyo Electron Device has a total shareholder equity of ¥46.2B and total debt of ¥52.1B, which brings its debt-to-equity ratio to 112.8%. Its total assets and total liabilities are ¥162.6B and ¥116.4B respectively. Tokyo Electron Device's EBIT is ¥15.4B making its interest coverage ratio 91.3. It has cash and short-term investments of ¥6.9B.
Key information
112.8%
Debt to equity ratio
JP¥52.10b
Debt
Interest coverage ratio | 91.3x |
Cash | JP¥6.87b |
Equity | JP¥46.19b |
Total liabilities | JP¥116.38b |
Total assets | JP¥162.57b |
Financial Position Analysis
Short Term Liabilities: 2760's short term assets (¥151.3B) exceed its short term liabilities (¥89.0B).
Long Term Liabilities: 2760's short term assets (¥151.3B) exceed its long term liabilities (¥27.3B).
Debt to Equity History and Analysis
Debt Level: 2760's net debt to equity ratio (97.9%) is considered high.
Reducing Debt: 2760's debt to equity ratio has increased from 96.3% to 112.8% over the past 5 years.
Debt Coverage: 2760's debt is not well covered by operating cash flow (0.6%).
Interest Coverage: 2760's interest payments on its debt are well covered by EBIT (91.3x coverage).